The copper and zinc producer, which owns mines in Turkey, Finland and Spain, cut its 2011 Las Cruces cathode copper production objective from 50,200 tonnes to between 42,000 and 45,000 tonnes.

Shares of the company closed at C$70 on Monday on the Toronto Stock Exchange. (Reporting by Divya Sharma in Bangalore; Editing by Gary Hill) (divya.sharma@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: divya.sharma.reuters.com@reuters.net))